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DAILY SCRAP REPORT: Turkish mills continue to build up scrap inventories

August 21, 2014 - 16:30 GMT Location: Bursa

KEYWORDS: Turkey , scrap prices , HMS , bonus , P&S , shredded , busheling , Baltic Sea

Turkish steel producers continued to book scrap from North America and the Baltic Sea to build up their inventories, sources said on Thursday August 21.

A steel mill in the Marmara region booked a Canadian cargo on August 20, comprising 30,000 tonnes of shredded, 15,000 tonnes of HMS 1&2 (90:10) and 5,000 tonnes of P&S (plate and structural), at an average price of $391 per tonne cfr. The same mill also booked a Baltic Sea cargo, comprising 26,000 tonnes of HMS 1&2 (80:20) at $384.75 per tonne and 3,000 tonnes of bonus at $394.75 per tonne cfr, also on August 20. A mill in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS...

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